Steadily increasing demand for its subsea buoyancy products has prompted leading materials solution provider Advanced Insulation to invest over £8million pounds in a new facility in Gloucester. The company recently signed a ten-year lease for a new 65,000sq ft factory close to their UK head office.
The expansion into the new unit will enable the installation of state of the art machinery, which will enable Advanced Insulation to significantly increase capacity, implement efficiency improvements and will include bespoke test facilities.
The programme will see all buoyancy production transferred from its current production facility in Plymouth to the new facility. This will enable the Plymouth operation to focus on developing and growing the marine sector of the business.
“This is a significant financial investment for us (Advanced Insulation), but one that will enable us to increase capacity to meet market demand and will enhance our ability and reduce the time to develop and test new buoyancy products to meet the changing needs of the subsea market.” explains Managing Director Andrew Bennion “we have demanding growth objectives, and I’m delighted that we are able to proceed as planned despite the current climate we’re operating in, due to the pandemic”.